A BILL to amend and reenact §18-9-3aBill Title of the Code of West
Virginia, 1931, as amended, relating to the preparation and
publication of year-end financial statements by county boards
of education; requiring preparation of statement conform with
certain accounting principles; increasing dollar amount
threshold for including name of firm, corporation, and person
in statement; and changing publication requirement. Title Language

Be it enacted by the Legislature of West Virginia:

That §18-9-3aEnacting Section of the Code of West Virginia, 1931, as amended,
be amended and reenacted to read as follows:

ARTICLE 9. SCHOOL FINANCES.

§18-9-3a. Preparation, publication and disposition of
financial statements by county boards of education.

(a) The county board of every county, within ninety days after

the beginning of each fiscal year, shall prepare on a form to
be prescribed by the State Tax Commissioner and the State
Superintendent of free schools, and cause to be published a
statement revealing:

(a)(1) The receipts and expenditures of the board during the
previous fiscal year arranged under descriptive headings;

(b)(2) The name of each firm, corporation, and person who
received more than twofive hundred fifty dollars in the
aggregate from all funds during the previous fiscal year,
together with the aggregate amount received from all funds and
the purpose for which paid: Provided, That such statement
shall not include the name of any person who has entered into a
contract with this board pursuant to the provisions of sections
two, three, four and five, article two, chapter eighteen-a of
this code; and

(c)(3) All debts of the board, the purpose for which each debt
was contracted, its due date, and to what date the interest
thereon has been paid.

(b) TheSuch statement shall be published as a Class I-0I
legal advertisement in compliance with the provisions of
article three, chapter fifty-nine of this code, and the
publication area for such publication shall be the county. The
county board shall pay the cost of publishing suchthe

statement from the maintenance fund of the board.

(c) As soon as is practicable following the close of the fiscal
year, a copy of the published statement herein required shall
be filed by the county board with the State Tax Commissioner
and with the State Superintendent of free schools.

(d) The county board shall transmit to any resident of the
county requesting the same a copy of the published statement
for the fiscal year designated, supplemented by a list of the
names of all school personnel employed by the board during such
fiscal year showing the amount paid to each, and a list of the
names of each firm, corporation, and person who received less
than five hundred dollars from any fund during such fiscal year
showing the amount paid to each and the purpose for which paid.